Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0095%/8h= +10.4% APRpaid last 24h +0.026%

Price spread now: Aster against gTrade (Gains Network)−0.067%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Aster is 0.067% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.067% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 2.4 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) AAVE/USD	146.28	L +0.0005% / S −0.0004%	pay 0.0001% / 1h	42m 43s	$71K	—	150x
Short	Aster AAVEUSDT	146.18	0.0100	get 0.0100% / 8h	7h 42m	$1.4M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against gTrade (Gains Network). Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee gTrade (Gains Network)bpFee AsterbpOrdersPrice spread, now −0.067%Rate

Funding earned: $19.96
Price spread: −0.067% → 0.000%: −$6.73
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$4.77
Costs to cover: 0.180%
Break-even: 8.7 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Aster: live order book, just now. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Aster live order book, just now	3.42 bp	8.9 bp −$9	24.8 bp −$248	doesn't fit	doesn't fit

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

AAVE on 42 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex AAVEUSDT	−0.0256%	8h	146.24	−0.027%	$4.2M	$3.8M	50x	as long as short
Kraken Futures PF_AAVEUSD	−0.0184%	1h	146.32	+0.026%	$3.5M	$2.1M	50x	as long as short
01 Exchange AAVEUSD	−0.0128%	1h	146.15	−0.088%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0061%	1h	146.21	−0.047%	$5K	$305K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.19	−0.062%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.21	−0.047%	$79K	$1.5M	3.4x	as long as short
Phoenix AAVE	0.0000%	1h	145.81	−0.321%	$5K	$102K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	146.30	+0.014%	$255K	$373K	50x	as long as short
gTrade (Gains Network) AAVE/USDlong	L +0.0005% / S −0.0004%	1h	146.28	long leg	$71K	—	150x
MEXC AAVE_USDT	+0.0023%	8h	146.05	−0.157%	$29.3M	$25.7M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0025%	8h	146.07	−0.143%	$66.2M	$186.9M	75x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.371%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.13	−0.103%	—	—	20x	as long as short
ApeX Omni AAVEUSDT	+0.0049%	1h	145.80	−0.327%	$136K	$230K	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0049%	8h	146.21	−0.047%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0064%	8h	146.09	−0.129%	$17.9M	$67.3M	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.25	−0.019%	$124K	$146	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0093%	8h	145.86	−0.286%	$457K	$3.9M	10x	as long as short
BloFin AAVE-USDT	+0.0095%	8h	146.22	−0.040%	$3.5M	$4.1M	100x	as long as short
Lighter AAVE	+0.0096%	1h	146.26	−0.016%	$4.7M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.07	−0.145%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.19	−0.057%	$799K	$448K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.15	−0.088%	$79.7M	$35.4M	10x	as long as short
Aster AAVEUSDTshort	+0.0100%	8h	146.18	−0.067%	$1.4M	$1.2M	50x
Pacifica AAVE	+0.0100%	1h	146.07	−0.143%	$333K	$503K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.09	−0.129%	$62.4M	$65.7M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.12	−0.109%	$46K	$278K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.05	−0.157%	$61K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	146.11	−0.116%	$7.9M	$15.2M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.07	−0.143%	$10.1M	$8.8M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.06	−0.150%	$30.3M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	146.09	−0.129%	—	$44.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.28	+0.001%	$347K	$734K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.63	−0.442%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.74	−0.366%	$105K	$318K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.21	−0.047%	$128K	$445K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.12	−0.106%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.46	+0.120%	$699K	$5.1M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.05	−0.154%	$935K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0107%	1h	146.15	−0.089%	$185K	$246K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0269% / S −0.0449%	1h	146.28	−0.002%	$128K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	146.08	−0.136%	$786K	$3.1M	50x	as long as short